Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 393.37

    An agreement mentioned in paragraph   393 - 20(1)(b) does not contravene the requirements of item   8 of the table in section   393 - 35 to the extent that:

  (a)   it provides for amounts of interest to be payable to the * FMD provider in respect of a loan or other debt of the * owner of the * farm management deposit, or of a partnership of which the owner is a partner, to be reduced; and

  (b)   that loan or other debt relates to a * primary production business that the owner or partnership carries on.